Mitsubishi UFJ Trust & Banking Corp Cuts Stock Position in Carlisle Companies Incorporated (NYSE:CSL)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Carlisle Companies Incorporated (NYSE:CSL) by 27.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 66,329 shares of the conglomerate’s stock after selling 25,628 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Carlisle Companies were worth $24,465,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CSL. Franklin Resources Inc. increased its holdings in Carlisle Companies by 1.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,177,014 shares of the conglomerate’s stock worth $566,061,000 after purchasing an additional 16,303 shares during the period. FMR LLC grew its holdings in Carlisle Companies by 29.6% during the 3rd quarter. FMR LLC now owns 955,289 shares of the conglomerate’s stock worth $429,641,000 after acquiring an additional 218,002 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Carlisle Companies by 13.3% in the 3rd quarter. Geode Capital Management LLC now owns 873,063 shares of the conglomerate’s stock valued at $391,827,000 after purchasing an additional 102,436 shares in the last quarter. Madison Investment Advisors LLC acquired a new stake in shares of Carlisle Companies in the 4th quarter valued at $148,208,000. Finally, Truist Financial Corp lifted its position in shares of Carlisle Companies by 3.9% during the 4th quarter. Truist Financial Corp now owns 362,695 shares of the conglomerate’s stock worth $133,776,000 after purchasing an additional 13,505 shares during the last quarter. Institutional investors and hedge funds own 89.52% of the company’s stock.

Insider Buying and Selling

In other Carlisle Companies news, Director Jonathan R. Collins sold 1,050 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.24, for a total transaction of $366,702.00. Following the completion of the sale, the director now directly owns 2,665 shares of the company’s stock, valued at approximately $930,724.60. This trade represents a 28.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Mehul Patel sold 150 shares of the business’s stock in a transaction that occurred on Saturday, February 8th. The shares were sold at an average price of $350.53, for a total value of $52,579.50. Following the completion of the transaction, the vice president now directly owns 815 shares in the company, valued at approximately $285,681.95. The trade was a 15.54 % decrease in their position. The disclosure for this sale can be found here. 1.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CSL shares. Loop Capital cut their price target on Carlisle Companies from $475.00 to $460.00 and set a “buy” rating on the stock in a research note on Friday, January 10th. Oppenheimer reissued an “outperform” rating and set a $495.00 target price (down previously from $505.00) on shares of Carlisle Companies in a research report on Friday, December 20th. Finally, The Goldman Sachs Group decreased their target price on Carlisle Companies from $520.00 to $465.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $476.00.

Carlisle Companies Stock Performance

Shares of CSL stock opened at $349.88 on Friday. The firm has a market cap of $15.45 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.03 and a beta of 0.99. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.29 and a current ratio of 2.89. Carlisle Companies Incorporated has a 1 year low of $321.93 and a 1 year high of $481.26. The stock’s 50-day moving average is $356.59 and its two-hundred day moving average is $401.85.

Carlisle Companies (NYSE:CSL) last released its quarterly earnings results on Tuesday, February 4th. The conglomerate reported $4.47 EPS for the quarter, topping the consensus estimate of $4.43 by $0.04. Carlisle Companies had a return on equity of 34.37% and a net margin of 26.22%. During the same quarter last year, the business earned $4.17 EPS. Analysts predict that Carlisle Companies Incorporated will post 22.31 earnings per share for the current year.

Carlisle Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 18th were given a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $4.00 annualized dividend and a yield of 1.14%. Carlisle Companies’s dividend payout ratio (DPR) is 14.48%.

Carlisle Companies Profile

Carlisle Companies Incorporated operates as a manufacturer and supplier of building envelope products and solutions in the United States, Europe, North America, Asia and the Middle East, Africa, and internationally. It operates through two segments: Carlisle Construction Materials and Carlisle Weatherproofing Technologies.